Lowe's Companies, Inc. (NYSE:LOW) Holdings Trimmed by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,185 shares of the home improvement retailer's stock after selling 1,120 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Lowe's Companies were worth $5,722,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. IFS Advisors LLC purchased a new stake in Lowe's Companies during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC increased its holdings in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the 4th quarter worth approximately $31,000. Finally, JNBA Financial Advisors increased its holdings in Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LOW shares. Evercore ISI lifted their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Truist Financial lifted their target price on Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Stifel Nicolaus lifted their target price on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, DA Davidson lifted their target price on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $282.96.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $4.77 on Wednesday, hitting $247.16. The company's stock had a trading volume of 4,663,678 shares, compared to its average volume of 2,386,277. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $139.56 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock's 50-day moving average is $252.53 and its two-hundred day moving average is $258.94.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.